ISSN:
1467-6435
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Sociology
,
Economics
Notes:
The relation between unemployment and nominal wages for the period, 1887-1913, is characterized by a regression function in which y = 3.5 - 0.5 x. The coefficient of correlation is -0.63, the x-axis bisected at a value of 7 per cent—the latter a value very close to results obtained for England and the Nether-lands in the postwar years. The corresponding coefficient for the period, 1925-38 is -0.75, the x-axis is crossed at a value of 15.8 per cent. The last period (1949-66) yields no significant correlation (-0.17). The relation price change—unemployment yields only for the period, 1925-38, a possibly meaningful correlation of -0.64, the other coefficients arc substantially lower. Thus one may regard the relationship price change—unemployment for Germany as non-significant. Similarly, the relationship real wages—unemployment yields only for the period, 1925-38, a meaningful correlation: -0.79 with the x-axis being crossed at a value of 20.5 per cent. The other coefficients are much lower.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-6435.1969.tb02529.x
